Who Is Responsible for the Detailed Project Plan

question 49

Multiple Choice

Who is responsible for the detailed project plan?

• A)the project's sponsor
• B)the government
• C)the Canadian Engineering Association
• D)the project's manager
• E)the financial institution who finances the project

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Definitions:

Variable Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor expenses.

Relevant Costs

Relevant costs are those that will be affected by a decision in a specific situation and are considered when making financial or other managerial decisions.

Fixed Costs

Costs that do not change with the level of goods or services produced within a certain scale.

Product

Any item or service that is created through a process and is intended to be supplied to a market to satisfy a want or need.